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Zag RRSP

 

Zag RRSP Savings

A Zag RRSP Savings Account is a great way to help your money grow without committing to a specific term. The cash can be used at any time to purchase investments within your RRSP. Make contributions easily using our transfer feature, or set up recurring transfers to automatically maximize your annual contribution limit.

Zag RRSP Savings
Product Today’s Rate
Zag RRSP Savings 1.65%

What’s in it for you?

You get one great rate with no minimum deposit, no restrictions and no hassles. 

’No fees’ means you save your money— all of it.

What you get Fee
Account opening and closing  Free
Mobile and Online Banking Free
Online statements Free
Retrieval of past statements through Zag Bank Online Banking Free
Deposits by using SnapCheque or by mail Free
Transfers between your Zag Bank accounts  Free
Transfers between a Zag Bank account to / from another Canadian bank account (1) Free
Customized, automatic alerts and notifications Free

1Please note that your other financial institution might charge for funds going out of your external bank account.

Your Zag RRSP Savings interest is calculated daily, at the end of the day, and paid monthly into your account on the last business day of the month. Interest will be calculated as soon as the funds are received by Zag Bank and deposited in your Zag savings account. The applicable interest rate is determined on the date on which Zag Bank deposits your funds to your Zag savings account.

The interest rate on your Zag savings account is subject to change at any time without prior notice at our sole discretion.
 


Zag RRSP GIC

Whether you’re just starting to save for retirement or want to add steady, predictable investments to your current portfolio, the Zag RRSP GIC is right for you.
 

Zag RRSP GIC
Term Today’s Rate
1 year 1.25%
2 years 1.50%
3 years 1.55%
4 years 1.60%
5 years 1.80%

What’s in it for you?

Avoid market volatility

Add stable, fixed-income assets to your plan

Buy online with a minimum of just $250

Choose a term from 1 to 5 years

Automatically renew your GIC at the end of each term

’No fees’ means you save your money— all of it.

What you get Fee
Account opening Free
Account maintenance and online statements Free
Account management with Mobile and Online Banking Free
Retrieval of past statements through Zag Bank Online Banking Free
Customized, automatic alerts and notifications Free

For the Zag RRSP GIC, interest is annualized, calculated daily, compounded monthly and paid at maturity for 1- to 5-year terms. You have the option to have interest paid out to your Zag Savings Account (or to the External Account from which the funds originated if you don’t have a Zag Savings Account).

The applicable interest rate is determined on the date on which Zag Bank receives your funds.